Top 10 Banks in India 2017

Founded as UTI Bank in 1993 after the Government of India allowed new private banks to be established, it changed its name to Axis Bank in the year 2003.

Image: Wikimedia

Axis Bank is headquartered at Mumbai, Maharashtra, India and is the third largest private sector banks in India. It offers a comprehensive suite of financial products and has a market capitalization of over US$ 16 billion, and serves individuals and enterprises as well for various banking services.

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Shikha Sharma is the present CEO and MD of Axis Bank, and Sanjiv Misra is the present Chairman. Axis Bank currently has a network of 3,120 Branches and 12,922 ATM's across India as on 12th August 2016.

The services of Axis bank include retail banking, corporate banking – credit, transaction banking, treasury, syndication, investment banking and trustee services and International banking. Deepika Padukone is the brand ambassador of Axis Bank. In 2003, Axis bank became the first bank to launch travel currency cards. Some of the recent awards in 2017 that AXIS Bank won are:

• Best Use of Mobile within a Loyalty Strategy' at the Loyalty Awards 2017

• 'Best Use of Partnership in a Loyalty Program' at the Loyalty Awards 2017

• 'Best Rewards Program' for the 3rd consecutive year at the Loyalty Awards 2017

Interest Earned (Cr): Rs44542

Net Profit (Cr): Rs3679

Return of Asset: 0.65%

Net NPA(Cr): Rs8626.55

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